Canada

Final permit for new $750m BC gold mine

Frik Els | July 31, 2015
Pretium jumps on final permit for $750m BC gold mine

Shares in Vancouver's Pretium Resources jump on news construction of super high-grade Brucejack gold-silver mine near Alaska border can now start.

Oilprice.com

Former Exxon President on mission to clean up oil sands

Oilprice.com | July 31, 2015
Canadian oil sands set to benefit from low crude output

Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands.

Cecilia Jamasmie

Survival of the fittest — what to expect for rare earth miners outside China

Cecilia Jamasmie | July 31, 2015
Survival of the fittest — what to expect for rare earth miners outside China

While analyst predict a rebound in hard-hit rare earth prices later this year, it is still unclear whether companies outside China, the world’s largest producer, will be able to challenge its dominance.

Nemaska Lithium gets go ahead for its Whabouchi mine in Quebec

Cecilia Jamasmie | July 30, 2015
Nemaska Lithium gets go ahead for its Whabouchi mine in Quebec

The proposed open-pit surface and underground spodumene mine will produce lithium, highly used in the manufacturing of batteries for cell phones and electric cars.

Goldcorp slashes dividend 60% amid dire gold market

Cecilia Jamasmie | July 30, 2015
Goldcorp axes dividend

The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.

Nautilus Minerals: Vessel dewatering plant detailed design contract awarded

Nautilus Minerals Inc. | July 29, 2015
Nautilus

Nautilus Minerals Inc. announces that contract for the detailed design of the Solwara 1 dewatering plant to be used on the Company’s Production Support Vessel has been awarded to the Brisbane office of the DRA Group.

Catastrophic mine waste spills increasing in frequency, severity and cost world-wide

EarthWorks | July 29, 2015

On 1st anniversary of North America’s worst mine waste disaster, failures shown to be global trend attributable to industry & regulatory failure to implement best practices.

Miners in Asia and Africa more likely to switch to different OEM within next five years

Timetric | July 29, 2015
‪Investcorp sells truck parts unit for $1 billion

Whilst miners are relatively loyal in Australia and North America to their current Original Equipment Manufacturers (OEMS), over half of those in Asia are likely to seek out a new supplier within the next five years, a new report shows.

Zambia power cuts feed copper supply worries, lift prices

Cecilia Jamasmie | July 28, 2015
Zambia power cuts feed copper supply worries, lift prices

Power restrictions could hit output of most copper mines operating in the country.

More headline risk around Alberta’s oil sands industry

IEEFA | July 28, 2015

Questions multiply on future of Canadian projects.

Australian firm wants Yukon Zinc's Wolverine mill

Frik Els | July 27, 2015
Australian firm wants Yukon Zinc's Wolverine mill

Brisbane-based Minquest says buying plant of bankrupt zinc miner could save it $150m–200m to bring nearby copper project into production.

$60 billion in oil sands projects frozen due to crude prices collapse — report

Cecilia Jamasmie | July 27, 2015
$60 billion in oil sands projects frozen due to crude prices collapse — report

And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.

Underground gold miner limits production after pollution violation

Michael Allan McCrae | July 27, 2015
british_columbia map shutterstock

Banks Island Gold accused of pollution spills

Quebec’s Plan Nord project snubs uranium mining in the province

Globe and Mail | July 26, 2015

One activity notably absent from Quebec's to-do list in the 20-year mining-forestry-energy action plan is uranium mining.

Teck credit rating at risk due to poor commodity price

Business in Vancouver | July 24, 2015
oilsands oil sands truck mining

Teck Resources Ltd. (TSX:TCK.B)(NYSE:TCK) reported increased profit in 2015’s second quarter but as commodity prices slide, the company sees a greater risk of its credit rating being demoted from investment-grade.

Canadian court to hear Stans Energy appeal over Kyrgyz Republic’s unpaid $118M

Cecilia Jamasmie | July 24, 2015
Canadian court to hear Stans Energy appeal over Kyrgyz Republic’s unpaid $118M

The frozen payment corresponds to what the Kyrgyz Republic was told by an international arbitration court to give Stans for revoking its rare earth mining licenses in the country.

Canada-owned oil sands mine in Utah to begin producing in fall

Cecilia Jamasmie | July 24, 2015
Canada-owned oil sands mine in Utah to begin producing in fall

Calgary-based U.S. Oil Sands is working through the summer to complete a 2,000-barrel-per-day oil sands mine in eastern Utah, one of the country's first commercial operation of this kind.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Ned Goodman resigns from Barrick Gold board

Cecilia Jamasmie | July 23, 2015
Ned Goodman resigns from Barrick Gold board

He will focus on a new business venture in resources and other hard assets, said Barrick.

Visual Capitalist

INFOGRAPHIC: The world economy in one visualization

Visual Capitalist | July 22, 2015

Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.

GoGold closes US$50M revolving credit facility at about 2.8% interest

GoGold Resources Inc. | July 22, 2015

It will be used to retire the existing credit facility with Orion Mine Finance of approximately US$23.5 million that bears interest at a higher rate of 7.5%

More LNG development debate hot air

Business in Vancouver | July 21, 2015

Canada's B.C. legislature’s summer debate over the Pacific NorthWest LNG project development agreement is but one factor in B.C.’s complex liquefied natural gas equation.

K+S rejects fresh approach from Potash Corp.

Cecilia Jamasmie | July 21, 2015
K+S rejects fresh approach from Potash Corp.

With the deal, Potash Corp. could regain some of its historic dominance over the fertilizer market, since the two companies combined account for 30% of the global potash production.

Canadian provinces to cut fuel use, boost tidal energy

Cecilia Jamasmie | July 21, 2015
Canadian provinces to cut fuel use, boost tidal energy

The deals represent two ground-breaking initiatives to make Canada’s mining industry more fuel-efficient and environmentally friendly.

Canadian ministers urged to better prevent damage from mining

Cecilia Jamasmie | July 21, 2015
Canadian ministers urged to better prevent damage from mining

Federal Natural Resources Minister, Greg Rickford, argues that the federal government is taking the right steps through new legislation.

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